Japan’s factory mood improves in Dec as supply woes ease – Reuters Tankan

TOKYO, Dec 8 (Reuters) – Japanese manufacturers’ business confidence index rose to a four-month high in December as supply constraints began to ease, the Reuters Tankan showed, offering policymakers some hope the economy was headed for a moderate recovery. read more

The Reuters Tankan index readings are derived by subtracting the percentage of respondents who say conditions are poor from those who say they are good. A negative reading means that pessimists outnumber optimists.

Following is a table of indexes for key sectors and a comparison with the Bank of Japan’s quarterly tankan survey:

2022 2021

MAR (f’cast) DEC NOV OCT SEP AUG JUL

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MANUFACTURERS (+26) +22 +13 +16 +18 +33 +25

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(Materials) (+19) +25 +19 +12 +18 +34 +18

– Textiles/paper (+9) 0 0 -25 -27 0 -17

– Chemicals (+33) +56 +33 +36 +44 +72 +44

– Oil refinery/ceramics (+11) +11 +22 +22 +22 +33 +22

– Steel/nonferrous metals (+9) +9 +8 0 +16 0 +9

(Manufactured products) (+30) +21 +10 +19 +19 +31 +29

– Food (+16) +9 0 +18 +7 0 +9

– Metal products/machinery (+34) +26 +20 +34 +39 +53 +43

– Electric machinery (+23) +27 +23 +36 +14 +28 +19

– Autos/transport equipment(+45) 0 -29 -31 -14 +34 +46

– Precision machinery/others(+32) +25 +19 +20 +27 +16 +17

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NON-MANUFACTURERS (+21) +6 +1 -1 -2 +5 -3

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– Real estate/construction (-10) -5 -9 -13 -4 +5 +5

– Retail/wholesale (+23) +13 +5 -3 -3 +9 0

– Wholesalers (+33) +33 +23 +11 +17 +6 +6

– Retailers (+14) -5 -11 -16 -22 +11 -5

– Information/communications(+54) +54 +54 +46 +50 +27 +36

– Transport/utility (+38) +5 +5 +24 +5 +10 0

– Other services (+8) -16 -23 -30 -28 -15 -32

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*** COMPARISON WITH BANK OF JAPAN TANKAN ***

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MANUFACTURERS NON-MANUFACTURERS

RTRS BOJ RTRS BOJ

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MAR 2022 (forecast) (+26) – (+21) –

FEB – – – –

JAN – – – –

DEC 2021 +22 (+14) +6 (+3)

NOV +13 – +1 –

OCT +16 – -1 –

SEP +18 +18 -2 +2

AUG +33 – +5 –

JUL +25 – -3 –

JUN +22 +14 0 +1

MAY +21 – +2 –

APR +13 – -3 –

MAR +6 +5 -5 -1

FEB +3 – -7 –

JAN -1 – -11 –

DEC 2020 -9 -10 -4 -5

NOV -13 – -13 –

OCT -26 – -16 –

SEP -29 -27 -18 -12

AUG -33 – -23 –

JUL -44 – -26 –

JUN -46 -34 -32 -17

MAY -44 – -36 –

APR -30 – -23 –

MAR -20 -8 -10 +8

FEB -5 – +15 –

JAN -6 – +14 –

DEC 2019 -6 0 +14 +20

NOV -9 – +12 –

OCT -5 – +25 –

SEP -7 +5 +19 +21

AUG -4 – +13 –

JUL +3 – +25 –

JUN +6 +7 +22 +23

MAY +12 – +27 –

APR +8 – +24 –

MAR +10 +12 +22 +21

FEB +13 – +22 –

JAN +18 – +31 –

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Reporting by Kantaro Komiya

Our Standards: The Thomson Reuters Trust Principles.